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  • Lorenzo,, John Rommel M. TCW Lesson 2

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    John Rommel Lorenzo
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    The document discusses two questions about globalization and its impacts. For the first question, the response argues that outsourcing to the Philippines benefits the country by creating jobs and economic opportunities, and helping businesses cut costs. For the second question, the response argues that while large countries like China and the US dominate the global economy, less developed countries are not threatened as globalization creates interdependencies and lowers costs, benefiting consumers.

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    The contemporary world

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    The document discusses two questions about globalization and its impacts. For the first question, the response argues that outsourcing to the Philippines benefits the country by creating jobs and economic opportunities, and helping businesses cut costs. For the second question, the response argues that while large countries like China and the US dominate the global economy, less developed countries are not threatened as globalization creates interdependencies and lowers costs, benefiting consumers.

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    © All Rights Reserved
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    14 views1 page

    Lorenzo,, John Rommel M. TCW Lesson 2

    Uploaded by

    John Rommel Lorenzo
    The document discusses two questions about globalization and its impacts. For the first question, the response argues that outsourcing to the Philippines benefits the country by creating jobs and economic opportunities, and helping businesses cut costs. For the second question, the response argues that while large countries like China and the US dominate the global economy, less developed countries are not threatened as globalization creates interdependencies and lowers costs, benefiting consumers.

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    © All Rights Reserved
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    of 1

    The Contemporary World

    Name: John Rommel M. Lorenzo


    Course: Bachelor of Science in Accountancy
    Professor: Cleotilde Prima

    Answer the following questions:

    1. Do you think that the Philippines is being harmed as other countries transfer their
    activities to us also known as outsourcing?

    The Philippines' outsourcing sector is the lifeblood of the whole South-East Asian nation, which
    is home to more than 100 different ethnic groups. Therefore, I don't believe that the Philippines
    suffers as a result of other countries outsourcing their activities to us via OK. You may cut costs
    on hiring, human resources, and employee pay by outsourcing to the Philippines with
    Outsourced. Additionally, we give your offshore workers all the tools and resources they require
    to perform their jobs for your business, saving you even more money.

    2. Does the position of China and the U.S. as a giants in the economic chain threaten the
    status of less developed countries in the global market?

    No, the status of less developed nations in the global market is not in danger since affluent
    countries are giants in the economic food chain. The risk of overpowering is reduced by the
    numerous interdependencies between developed and developing countries. Globalization
    generally lowers the cost of manufacturing. This implies that businesses can charge customers
    less for their products. One important factor that raises the level of life is the average cost of
    commodities. Additionally, consumers now have access to a greater range of goods.

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